We have a lot of confluence of the targets here now. The VIX has pulled back down to some good projected targets. The C=A target at 11.9 has now completed. The Pesky Gap! (as circled in red) has now completed at 11.8 The Alternate Bat (blue) projected is very, very close to completion at 11.6 Strong support is at 11.5
We should look at this green buy area of lows for a pivot turn around. This would indicate an upward rise in the VIX and the market indexes should soon begin to drop. We are long the VIX and short the SPY
@tomerharyoffi, not trading positions at this time .. we're using vix as a market indicator. However it is at an extremely low price if you want to trade vix for a long position